; Non-Compete_ Covenant
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Non-Compete_ Covenant

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Non-Compete_ Covenant

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									                                  Non-Compete, Covenant

____________________, referred to as SELLER and _________________________, referred
to as BUYER, agree: BUYER and SELLER have entered into an agreement dated __________,
199___ for ____________________.

In consideration of the mutual covenants and payments to be made pursuant to the agreement,
and in further consideration of the sum of $_________ (_______________&___/100 dollars) paid
to by BUYER to SELLER, receipt of which is acknowledged by the SELLER, SELLER agrees not
to compete with BUYER under the terms and conditions set forth herein.

During a period of ________ from the date of this agreement SELLER will not compete at any
time, directly or indirectly with BUYER in the fields of:
________________________________________________________________

in the following geographic territory:
_________________________________________________________________

For the purposes of this agreement “competition” shall be defined to the include, but not be limited
to, the following:
(a) Participating as a director, stockholder, or partner of, or having any direct or indirect financial
interest (including a financial interest as a creditor) in any enterprise engaged in the fields stated
above;
(b) Participating as an officer, employee, agent, representative, or consultant in, or rendering any
services to, any such enterprise within the fields stated above;

SELLER further agrees that for a period extending _________ after the substantial
consummation of the sale, SELLER shall not solicit for employment or employ any of the
employees as of the date of substantial consummation of the same. However, in the event that
BUYER terminates any employee, SELLER 
								
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